A term came into our lives a few years ago, The Fourth Industrial Revolution. As with many buzz words, this term got thrown around in the context of business and lifestyle. However, this isn’t just a buzz word. Do you really know what 4IR is all about? Recently we had a 4IR summit in Bloemfontein, it was incredibly interesting to experience what their perception of 4IR is. Yet another business expo.
You may be familiar with the term but have no actual idea what it means, and that’s okay – we won’t tell anyone. Click here, to learn more about the fourth industrial revolution, in a snapshot. If you would like to get in a bit deeper, there a great book by Klaus Schwab, written in 2017.
Let’s break it down
The fourth industrial revolution, which has also been referred to as 4IR or Industry 4.0, describes the age of intelligence and encompasses technologies like artificial intelligence, augmented reality, 3D printing, and cloud computing.
That’s nice, so what does that mean?
The Fourth Industrial Revolution represents a fundamental change in the way we live, work, and relate to one another. It is a new chapter in human development, enabled by extraordinary technology advances commensurate with those of the first, second, and third industrial revolutions.
These advances are merging the physical, digital, and biological worlds in ways that create both huge promise and potential peril. The speed, breadth, and depth of this revolution is forcing us to rethink how countries develop, how organizations create value, and even what it means to be human.
The Fourth Industrial Revolution is about more than just technology-driven change; it is an opportunity to help everyone, including leaders, policy-makers, and people from all income groups and nations, to harness converging technologies in order to create an inclusive, human-centered future.
The real opportunity is to look beyond technology and find ways to give the greatest number of people the ability to positively impact their families, organizations, and communities.
In a book I read, Eat People, Andy Kessler touches on the idea of essentials being free. Add so much value and make tools so accessible, to the point that they’re free to everyone. By doing so, you’re REALLY changing the world. The era of easy money and easy jobs is officially over. Today, we’re all entrepreneurs, and the tides of change threaten to capsize anyone who plays it safe. Taking risks is the name of the game but how can you tell a smart bet from a stupid gamble?
If 4IR still doesn’t make sense. Here is the one take away you should hold with you from this term, change the game. You can longer afford to be set in your traditional ways. When establishing your purpose and your why, the parallel conversation you should be having is how can you improve someone else’s life? This is a real understanding of 4IR.